Murphy Oil ( (MUR) ) has shared an update.
Murphy Oil Corporation has announced a $600 million offering of senior notes due in 2032, alongside cash tender offers to purchase various senior notes set to mature between 2027 and 2029. These financial moves are dependent on market conditions and the success of debt financing transactions that aim to raise at least $600 million. Additionally, the company is negotiating to extend and increase its revolving credit facility to $1.2 billion by 2029, which is not contingent on the offerings’ success.
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